1.Pay Giant Paypal Is Launching a Stablecoin on the Market.

Global digital pay giant PayPal Holdings Inc., is entering the stablecoin market. the fintech giant, founded more than 25 years ago, will be the first major financial institution to launch its own US dollar-indexed stablecoin. This stablecoin will be called PayPal USD (PYUSD). Stablecoin, Paxos Trust Co. it will be issued by and will be fully backed by US dollar bank deposits and other liquid equivalents such as short-term treasury bills. PayPal took its first step into cryptocurrencies by offering its users the opportunity to easily purchase coins such as Bitcoin (BTC), Litecoin (LTC) and Ether (ETH) in 2020. He currently manages about $1 billion worth of cryptocurrency.

2.NFT Trader Hanwe Chang Made $ 1.5 Million by Tricking the Trading Bot.

A person named Hanwe Chang, who trades NFTs, won 800 ETH worth about $1.5 million by tricking a bot into buying his NFTs at high prices. Writing on the X social media platform this weekend, Hanwe Chang stated that he noticed that a bot was copying all the NFT offers on Blur (a new NFT Sunday site that recently surpassed the leader OpenSea in volume). ”I noticed that there was a bot copying my offers on Blur, so I decided to trick him... I made a profit of 800 ETH, thank you," he said, sharing a screenshot of 12 NFT transactions sold from the Azuki collection, which were sold for 50 ETH each. Azuki is a new NFT collection that raised about $ 40 million at the time of its launch.

3.CoinGecko ’Securities' Category

By Creating It, He Listed 24 Cryptocurrencies. Cryptocurrency data aggregator CoinGecko has added a new category to list cryptocurrencies defined as securities by the United States Securities and Exchange Commission (SEC). This move comes in response to the growing need for clarity regarding the complex regulatory environment of digital assets in the country. The newly added “Best Alleged SEC Securities Coins” section on the CoinGecko platform highlights cryptocurrencies that have been reviewed by financial regulators for securities classification. These coins are sorted according to their market value, and Binance Coin (BNB) is at the top of the list. This list also includes well-known coins such as Cardano (ADA), Solana (SOL) and Tron (TRX).

4.Ripple Continues To Grow - Internationally

A Huge Cooperation with the Bank of Payments (BIS). Ripple has joined the integration and expansion of cross-border payments (PIE) task force in cooperation with the Bank for International Settlements (BIS). With a tweet shared on Wednesday, the BIS announced the summary of the last PIE task group meeting. Paying paid attention to this meeting, it was stated that the task force will work with the aim of “promoting cross-border payments and achieving the cross-border payment targets set by the G20”. The PIE task group operates under the umbrella of the Payments and Market Infrastructures Committee of the BIS. This committee consists of 33 organizations and is headed by Ulrich Bindseil, who holds the position of Director of General Sunday Infrastructure and Payments at the European Central Bank. Paying paid paid paid is the primary objective of the task group to provide wider access to payment systems, to expand the working hours of payment systems and to make cross-border payments more efficient by creating connections between different payment systems. The main objective of the task group is to provide wider access to payment systems, to expand the working hours of payment systems and to Decouple “Public and private sector cooperation and partnership is a key component of the G20 cross-border pay plan,” the BIS said.

5.Binance Has Made History as El Salvador's First Licensed Crypto Exchange.

#Binance , the world's largest cryptocurrency exchange, has become the first fully licensed cryptocurrency exchange in El Salvador. The company has been granted a Bitcoin Service Provider license (BSP) by the Central Reserve Bank of El Salvador (Banco Central de Reserva) and the first non-prudential Digital Asset Service Provider license (DASP) by El Salvador's National Commission for Digital Assets, a statement on Tuesday said. With this latest license, Binance became the cryptocurrency exchange with the most licenses, receiving approval and registration from 18 Sundays, including France, Italy, Spain, Sweden and Dubai. Min Lin, Binance's President for Latin America, said in a statement, “We are honored to be granted this license. Binance continues to work in cooperation with regulatory agencies around the world to support global standards for the crypto and blockchain industry,” he said. #BTC #crypto2023